Peru Gold Discovery

Reuters

Published: March 30, 1987

LIMA, Peru, March 29—
President Alan Garcia said today that Peru has found gold deposits worth an estimated $1.3 billion in a jungle region near the Ecuadorean border about 610 miles north of here. He said the Government soon would install a $2 million treatment plant at Tomaque that would extract enough ore to provide an estimated $25 million profit by the end of the year.